The program has already paid out more than $40,000 in only three weeks and one person has already received more than $7,000 for six different issues flagged.

Even people without much security expertise spot glitches on the site and instead of reporting them to Facebook, these users tend to post about them in status updates. Sometimes they’re complaints and in other instances, they’re warnings to friends.

So we’re curious to know how many of our readers have formally reported bugs to Facebook, warned their friends about security problems via status updates, done both or ignored these issues when they’ve arisen. How much will a reward change people’s behavior?

Please vote in the poll below and share your opinions in the comments section. Return later to see how others are voting.